Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

The tables below provide information about the Company’s segments, including significant segment expenses, and reconciliations to Net income (loss) attributable to Brighthouse Life Insurance Company.

	Year Ended December 31, 2025
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Total revenues	$	3,230	$	933	$	1,275	$	648	$	6,086
Less: Revenues excluded from adjusted earnings (1)	(1,707)		(18)		(257)		91
Less: Segment expenses:
Policyholder benefits and claims	458		667		625		—
Interest credited to policyholder account balances, excluding market value adjustments	1,416		92		236		409
Amortization of DAC and VOBA	514		50		—		—
Interest expense on debt	—		—		—		67
Other expenses (2)	1,032		180		127		203
Less: Provision for income tax expense (benefit)	289		(12)		108		(69)
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1
Adjusted earnings (loss)	$	1,228	$	(26)	$	436	$	(54)	1,584
Adjustments for:
Net investment gains (losses)									(102)
Investment gains (losses) on trading securities									—
Net derivative gains (losses), excluding investment hedge adjustments of $0									(1,789)
Change in market risk benefits									261
Market value adjustments									(8)
Provision for income tax (expense) benefit									343
Net income (loss) attributable to Brighthouse Life Insurance Company									$	289
Interest revenue	$	3,049	$	382	$	1,152	$	556

	Year Ended December 31, 2024
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Total revenues	$	1,500	$	898	$	995	$	580	$	3,973
Less: Revenues excluded from adjusted earnings (1)	(3,350)		(20)		(599)		(47)
Less: Segment expenses:
Policyholder benefits and claims	486		548		1,105		—
Interest credited to policyholder account balances, excluding market value adjustments	1,346		85		243		449
Amortization of DAC and VOBA	497		53		—		—
Interest expense on debt	—		—		—		67
Other expenses (2)	1,007		169		165		193
Less: Provision for income tax expense (benefit)	291		12		16		(55)
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1
Adjusted earnings (loss)	$	1,223	$	51	$	65	$	(28)	1,311
Adjustments for:
Net investment gains (losses)									(298)
Investment gains (losses) on trading securities									—
Net derivative gains (losses), excluding investment hedge adjustments of $30									(3,718)
Change in market risk benefits									2,669
Market value adjustments									13
Provision for income tax (expense) benefit									279
Net income (loss) attributable to Brighthouse Life Insurance Company									$	256
Interest revenue	$	2,850	$	420	$	1,234	$	626

	Year Ended December 31, 2023
	Annuities		Life		Run-off		Corporate & Other		Total
	(In millions)
Total revenues	$	508	$	987	$	1,404	$	506	$	3,405
Less: Revenues excluded from adjusted earnings (1)	(3,932)		(26)		(239)		(70)
Less: Segment expenses:
Policyholder benefits and claims	508		609		1,301		—
Interest credited to policyholder account balances, excluding market value adjustments	1,048		79		274		388
Amortization of DAC and VOBA	507		57		—		—
Interest expense on debt	—		—		—		70
Other expenses (2)	997		182		167		209
Less: Provision for income tax expense (benefit)	257		17		(22)		(50)
Less: Net income (loss) attributable to noncontrolling interests	—		—		—		1
Adjusted earnings (loss)	$	1,123	$	69	$	(77)	$	(42)	1,073
Adjustments for:
Net investment gains (losses)									(242)
Investment gains (losses) on trading securities									—
Net derivative gains (losses), excluding investment hedge adjustments of $105									(4,025)
Change in market risk benefits									1,497
Market value adjustments									(12)
Provision for income tax (expense) benefit									585
Net income (loss) attributable to Brighthouse Life Insurance Company									$	(1,124)
Interest revenue	$	2,558	$	391	$	1,141	$	575

_______________

(1)For each reportable segment, certain revenues are excluded from adjusted earnings (loss), including net investment gains (losses), investment gains (losses) on trading securities and net derivative gains (losses), excluding Investment Hedge Adjustments.

(2)Other expenses include corporate expense allocations directly attributable to each of the segments.

Total assets by segment were as follows at:

	December 31,
	2025		2024
	(In millions)
Annuities	$	164,175	$	160,887
Life	21,802		20,821
Run-off	25,470		24,894
Corporate & Other	20,539		21,989
Total	$	231,986	$	228,591

Premiums, Universal Life and Investment-Type Product Policy Fees and Other Revenues by Product Groups

Total premiums, universal life and investment-type product policy fees and other revenues by major product group were as follows:

	Years Ended December 31,
	2025		2024		2023
	(In millions)
Annuity products	$	1,892	$	2,001	$	1,890
Life insurance products	934		848		1,110
Other products	12		10		7
Total	$	2,838	$	2,859	$	3,007